Custodian of the Two Holy Mosques King Fahd Ibn Abdul Aziz today chaired the regular weekly meeting of the Council of Ministers, which resolved that Riyadh join a union of cities advocating an international alliance against poverty in line with the outcome of the conference on social development held in Denmark in 1995.
The cabinet then expressed congratulations to Lieutenant-General Dr. Bashar Al-Assad on his election in the recent plebiscite as President of the Republic of Syria for a seven-year term of office, and reiterated the Kingdom's support for Syria on all issues.
Commenting on the Palestinian-Israeli talks currently under way in the United States, the cabinet confirmed the Kingdom's stance on the rights of the Palestinians, the restoration of which constitutes a basic pillar for real peace and stability in the region. King Fahd declared that a fair peace would not prevail unless all Arab rights were restored, including Israel's withdrawal from the Golan Heights to the June 2, 1967 line.
Turning to domestic matters, the cabinet discussed the facilities being rendered by the Kingdom to investors, both local and foreign, and approved the proposed regulations for settling debts in cases of bankruptcy of companies that are subject to liquidation. The cabinet also approved the proposed regulations governing control of donations in cash and in kind rendered to government authorities.